you can make income tax more progressive to fund lots of social services, low-income tax credits, EITC. But this has to fundamentally do
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Replying to @kimmaicutler @sf4sfsite and
with how the state taxes and regulates land -- all land underlying new development, existing real estate, etc.
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Replying to @kimmaicutler @sf4sfsite and
entities, investors, speculators park capital into *existing* real estate in CA *because* the tax protections are so strong.
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Replying to @kimmaicutler @MadMaxFlapper and
Or, more likely, because demand by rich gentrifiers ensures escalating values
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Replying to @sf4sfsite @MadMaxFlapper and
no, I can't live where I grew up because the homeowners there keep approving office space but no housing.
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Replying to @kimmaicutler @sf4sfsite and
and they have no incentive to change their behavior because they have the same taxes forever, their municipal tax base is deficient bc
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Replying to @kimmaicutler @sf4sfsite and
of it, so they have to compensate for the deficient property tax base by continuing to approve corporate space for way too many workers.
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Replying to @kimmaicutler @sf4sfsite and
the *reason* they keep approving 14K person corporate campuses for Apple is bc they *want* the tax revenue to cover the lack of other
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Replying to @kimmaicutler @sf4sfsite and
tax revenues, from say, property. Same reason Ed Lee attracted tech cos -- to cover the lack of tax revenue from elsewhere.
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Replying to @kimmaicutler @MadMaxFlapper and
Or because Lee was in the pocket of neoliberal Tech moguls. And we're all paying the price :(
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no, you own a $2-3M home assessed at a $380K value, prevent more housing from being built, and you don't want to understand your complicity
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Replying to @kimmaicutler @MadMaxFlapper and
You are "outing" somebody else's numbers, not mine - but wish they were
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